An overview of the history of block chain and crypto currencies in e-commerce

Following the financial crisis and distrust of central institutions in 2002, the world's financial markets were confronted with a new phenomenon called virtual currencies or cryptocurrencies, which rapidly engulfed and transformed the world. Digital currency or cryptocurrency is a special form of digital money that is based on the science of cryptography. The currency code is not managed by any bank and can be used to buy and sell worldwide. These cryptocurrencies are produced in the context of a special network called the Chinese block chain. The Chinese block chain is hailed as a technological innovation that makes it possible to revolutionize the way trade and society interact in today's era. In this article, we are going to explain how cryptocurrencies and the Chinese block chain came into being, their advantages, disadvantages and efficiencies.